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Mole's Progressive Democrat

The Progressive Democrat Newsletter grew out of the frustration of the 2004 election. Originally intended for New York City progressives, its readership is now national. For anyone who wants to be alerted by email whenever this newsletter is updated (usually weekly), please send your email address and let me know what state you live in (so I can keep track of my readership).

Location: Brooklyn, New York, United States

I am a research biologist in NYC. Married with two kids living in Brooklyn.

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  • Sunday, February 06, 2011

    AIG CEO insults half of America

    Remember AIG, the insurance company that screwed up so badly they had to come begging for a government bailout? And they got it?

    Well, AIG's CEO, in an amazing display of ingratitude and just plain stupidity, just insulted half of America. From Daily Kos:

    "All of the states where we’re a leader, where we’re the No. 1 insurer, are red states, all of the states where we’re at the bottom are blue states," Benmosche, 66, said yesterday at a conference in Washington. "Part of what we found out is that our model is about culture and it’s about the attitude in the public. And what we find is where there’s more of a tendency for people to be more liberal, more that the government is responsible for what happens to me."

    Which led to one of Vermont's Senators to tell Benmosche just where he can stick it next time his company comes for a handout:

    "If AIG, whose reckless behavior resulted in a $182 billion taxpayer bailout, prefers to do business in Republican states, then the next time they go bankrupt, I hope they don’t ask taxpayers in Vermont and other Democratic-leaning states for another bailout," Senator Bernard Sanders, a Vermont independent, said today.

    Can you believe the stupidity of AIG? First off they are just plain bad at whhat they do, running themselves into a hole then begging government to dig them out. Then they have the nerve to insult the very people who bailed them out.

    This is a clear signal that AIG does not want our business. But it also means that next time these fools need a taxpayer-funded bailout, they shouldn't expect people to support it. Robert Benmosche's insulting comments are bad for business and someone should tell him to shut up.

    And if you want to be the one to tell him this, click here to contact AIG and tell them what you feel about their stupid and insulting behavior.



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